12734 Sherman WAY, North Hollywood, CA 91605

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$5,650,000

Est. payment - /mo

0.45 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25525611

HOA Y/N No

Year Built 1949

Lot Size 0.455 Acres

Lot Dimensions Assessor

Property Description

We are excited to present 12734-12740 Sherman Way, a prime investment opportunity in the heart of North Hollywood, priced at a 5.41% CAP Rate! The property spans 9,921 SF of buildings on 19,807 SF of LAC2-zoned land, fully leased with 5 tenants generating $33,950 in monthly rental income. Located just off the Sherman Way/Coldwater Canyon intersection, which sees over 48,000 vehicles per day, this property enjoys outstanding visibility and easy access to major traffic routes. The asset consists of three separate structures, totaling 9,921 rentable SF with the following tenants: 1) retail building leased to a floral tenant, 2) multi-tenant automotive structure with six double-wide doors and twelve bays, accommodating three auto repair tenants, and 3) rear building leased to an auto body tenant With a lot size of 19,807 SF, the property provides ample onsite parking and excellent ingress/egress for tenants and customers. The property has gone through significant upgrades, which include: 1) New roof on building 12740, 2) Significant roof upgrades on building 12734, 3) NEW HVAC on building 12734, 4) Title 24 compliance on building 12734, 5) significant sewer line upgrades, and 6) additional upgrades throughout! This unique investment opportunity offers a stable tenant base with a solid in-place yield at a 5.41% CAP Rate on current income, with the potential to achieve a 7+% CAP Rate at market rents. Contact the listing broker for additional information.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAC2

Interior

Fireplace No

Exterior

Community Features Gated

Total Parking Spaces 20

Building

Story 1

Others

Tax ID 2324006059

Security Features Gated Community

Special Listing Condition Standard

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Listed by Casey Lins • Kidder Mathews of California, Inc.

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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12734 Sherman WAY North Hollywood, CA 91605

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

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